The Netherlands could be entitled to a claim of EUR 757.4 million to be paid by the European Union, as a compensation for the negative consequences of the Brexit. Ireland is expected to receive more, based on the proposal that the EU countries and the European Parliament are negotiating. The Brexit fund amounts to a total of EUR 4.24 billion. The distribution by member states was discussed for the first time on Wednesday. There was no consensus yet, so the European Parliament will re-examine this distribution.
The Eurozone industry recovered further in November, based on figures from the European statistics agency Eurostat. Industrial production increased by 2.5% compared to October. The increase was mainly due to the production of capital goods. In October production increased by 2.3%, on a monthly basis. The impact of the new lockdowns will probably have a negative effect on industrial activity of many European countries.
The corona crisis has clear consequences for the rental market, according to a report by housing platform Pararius. Due to the absence of foreign employees, rents for furnished and semi-furnished houses in the private sector have decreased. New tenants paid EUR 16.16 per square meter per month in the fourth quarter of 2020. This is 3.7% less than in the same quarter in 2019. The price decreases are particularly evident in the major cities. Prices decreased in Amsterdam (-6.8%), Rotterdam (-4.8%), The Hague (-3.1%) and Eindhoven (-2.9%).
The 6M Euribor decreased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap decreased with 5 basis points to -0.23% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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